2016 Q2 Form 10-Q Financial Statement

#000156918716000013 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $57.45M $66.97M
YoY Change -14.22% 87.01%
Cost Of Revenue $39.48M $51.87M
YoY Change -23.89% 110.85%
Gross Profit $17.97M $15.10M
YoY Change 19.02% 34.69%
Gross Profit Margin 31.28% 22.55%
Selling, General & Admin $2.220M $2.100M
YoY Change 5.71% 6.06%
% of Gross Profit 12.35% 13.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.610M $5.760M
YoY Change 49.48% 41.87%
% of Gross Profit 47.91% 38.14%
Operating Expenses $50.74M $60.35M
YoY Change -15.92% 96.96%
Operating Profit $6.710M $15.10M
YoY Change -55.57% 191.86%
Interest Expense $3.978M $3.358M
YoY Change 18.46% 25.39%
% of Operating Profit 59.28% 22.24%
Other Income/Expense, Net $43.00K $24.00K
YoY Change 79.17% -112.37%
Pretax Income $3.137M $10.28M
YoY Change -69.49% 346.61%
Income Tax $6.000K -$4.000K
% Of Pretax Income 0.19% -0.04%
Net Earnings $2.034M $10.29M
YoY Change -80.22% 676.23%
Net Earnings / Revenue 3.54% 15.36%
Basic Earnings Per Share
Diluted Earnings Per Share $41.56K $254.8K
COMMON SHARES
Basic Shares Outstanding 31.74M shares 25.59M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00M $27.40M
YoY Change -27.01% 68.1%
Cash & Equivalents $19.98M $27.36M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $5.800M $0.00
Prepaid Expenses
Receivables $14.40M $21.40M
Other Receivables $31.20M $39.60M
Total Short-Term Assets $71.40M $88.40M
YoY Change -19.23% 82.27%
LONG-TERM ASSETS
Property, Plant & Equipment $706.7M $499.7M
YoY Change 41.42% 14.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.200M $3.100M
YoY Change 3.23% -3.13%
Total Long-Term Assets $823.1M $544.7M
YoY Change 51.12% 16.48%
TOTAL ASSETS
Total Short-Term Assets $71.40M $88.40M
Total Long-Term Assets $823.1M $544.7M
Total Assets $894.5M $633.1M
YoY Change 41.29% 22.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.400M $4.600M
YoY Change 39.13% -31.34%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $55.60M $47.30M
YoY Change 17.55% 14.53%
LONG-TERM LIABILITIES
Long-Term Debt $501.9M $386.9M
YoY Change 29.72% 10.61%
Other Long-Term Liabilities $48.20M $24.50M
YoY Change 96.73% 38.42%
Total Long-Term Liabilities $550.1M $411.4M
YoY Change 33.71% 11.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.60M $47.30M
Total Long-Term Liabilities $550.1M $411.4M
Total Liabilities $605.7M $458.7M
YoY Change 32.06% 12.17%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $134.2M $60.09M
YoY Change 123.41% 31034.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $89.13M $8.298M
YoY Change
Total Liabilities & Shareholders Equity $894.5M $633.1M
YoY Change 41.29% 22.66%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $2.034M $10.29M
YoY Change -80.22% 676.23%
Depreciation, Depletion And Amortization $8.610M $5.760M
YoY Change 49.48% 41.87%
Cash From Operating Activities $7.640M $5.710M
YoY Change 33.8% -1.38%
INVESTING ACTIVITIES
Capital Expenditures -$14.27M -$46.74M
YoY Change -69.47% 63.6%
Acquisitions
YoY Change
Other Investing Activities -$24.01M $34.90M
YoY Change -168.8% -2396.05%
Cash From Investing Activities -$38.29M -$11.84M
YoY Change 223.4% -60.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 31.82M 2.010M
YoY Change 1483.08% -92.59%
NET CHANGE
Cash From Operating Activities 7.640M 5.710M
Cash From Investing Activities -38.29M -11.84M
Cash From Financing Activities 31.82M 2.010M
Net Change In Cash 1.170M -4.120M
YoY Change -128.4% -245.58%
FREE CASH FLOW
Cash From Operating Activities $7.640M $5.710M
Capital Expenditures -$14.27M -$46.74M
Free Cash Flow $21.91M $52.45M
YoY Change -58.23% 52.65%

Facts In Submission

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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Write Off Of Deferred Debt Issuance Cost
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us-gaap Write Off Of Deferred Debt Issuance Cost
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed. Such estimates are based on management&#8217;s historical experience and best judgment after considering past, current and expected events and economic conditions. Actual results could differ from management&#8217;s estimates.</font></div></div>

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